Barclays PLC Purchases 20,271 Shares of Caesarstone Ltd. (NASDAQ:CSTE)

Barclays PLC raised its position in Caesarstone Ltd. (NASDAQ:CSTE) by 87.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,445 shares of the construction company’s stock after buying an additional 20,271 shares during the quarter. Barclays PLC owned 0.13% of Caesarstone worth $198,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in shares of Caesarstone in the second quarter valued at about $293,000. Rhumbline Advisers acquired a new position in shares of Caesarstone during the 2nd quarter worth approximately $107,000. Acadian Asset Management LLC bought a new position in shares of Caesarstone during the second quarter worth approximately $106,000. Empowered Funds LLC bought a new position in shares of Caesarstone during the third quarter worth approximately $164,000. Finally, Global Alpha Capital Management Ltd. raised its position in shares of Caesarstone by 1.6% in the third quarter. Global Alpha Capital Management Ltd. now owns 3,019,248 shares of the construction company’s stock valued at $13,768,000 after buying an additional 48,200 shares in the last quarter. Institutional investors own 33.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Caesarstone from a “hold” rating to a “buy” rating in a research report on Saturday.

Caesarstone Stock Down 2.3 %

CSTE stock opened at $4.30 on Tuesday. Caesarstone Ltd. has a 52 week low of $3.76 and a 52 week high of $6.81. The business has a 50-day simple moving average of $4.37 and a 200 day simple moving average of $4.72. The company has a market cap of $148.49 million, a PE ratio of -2.14 and a beta of 0.18.

Caesarstone Company Profile

Caesarstone Ltd., together with its subsidiaries, designs, develops, manufactures, and markets engineered stone and other materials under the Caesarstone brand in the United States, Canada, Latin America, Australia, Asia, Europe, the Middle East and Africa, and Israel. The company’s engineered stone slabs are primarily used as indoor and outdoor kitchen countertops in the renovation and remodeling, and residential construction sectors.